Every 424B that PIMCO Corporate & Income Strategy Fund (PCN) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow PCN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PCN filings page.
PIMCO Corporate & Income Strategy Fund issued a Supplement dated June 24, 2026 that revises its Prospectus and Statement of Additional Information effective immediately. The supplement restates the Fund’s portfolio policy that, under normal market conditions, the Fund will invest at least 80% of net assets plus borrowings in corporate and other income-producing securities and normally at least 50% of total assets in corporate debt instruments.
The supplement details permissible exposures and limits: up to 40% of total assets may be in instruments economically tied to emerging markets (with an exception for certain short‑dated local‑currency sovereign debt), the Fund may invest up to 20% of total assets in common stocks, and it generally will not invest more than 20% of total assets in securities rated CCC+ (S&P/Fitch) or Caa1 (Moody’s) or lower, except that mortgage‑related and other ABS may be held without rating limits. The supplement also expands disclosure on loan investments, origination activities, related risks (liquidity, valuation, foreclosure, licensing), derivatives use, and expense allocations.
PIMCO Corporate & Income Strategy Fund revised its 80% Policy, expanding the definition of qualifying investments to include certain income-producing instruments and derivatives. The Board approved the changes on June 23, 2026; the revisions are effective August 28, 2026 and are reflected in the Prospectus and SAI.
The Fund added a shareholder-protection clause requiring at least 60 days’ written notice before changing the 80% Policy; the Prospectus language clarifies counting of derivative exposure and defines “Fixed Income Instruments” and valuation approaches for derivatives in the SAI.
PIMCO Corporate & Income Strategy Fund is offering up to $350,000,000 of its common shares through an "at-the-market" sales agreement with JonesTrading as agent.
The Fund had net assets attributable to Common Shares of $863,423,039 and 74,721,061 Common Shares outstanding as of April 30, 2026. The Fund’s NAV on that date was $11.56 per share and the last reported sale price was $12.02 per share. Prior ATM sales through JonesTrading totaled 31,526,520 Common Shares, producing net proceeds of $421,632,646.
PIMCO Corporate & Income Strategy Fund is offering up to $100,000,000 of common shares through an at-the-market program with JonesTrading. The fund, a diversified closed-end fund listed on the NYSE under the symbol PCN, seeks high current income, with capital preservation and appreciation as secondary goals. As of November 28, 2025, it had 71,561,948 common shares outstanding, with a last reported share price of $12.77 and a net asset value of $11.93.
JonesTrading may receive up to 1.00% of gross proceeds as commissions, and offering expenses are estimated at 0.04% of the offering price, implying net proceeds of approximately $98,741,372 if $100,000,000 of shares are sold at $12.77. Ongoing annual fund expenses are estimated at 1.20% of net assets attributable to common shares, including a 0.81% management fee and 0.37% in interest payments on leverage obtained mainly through reverse repurchase agreements. The portfolio emphasizes corporate and other income-producing securities, including high yield bonds, emerging markets, and mortgage-related and other asset-backed securities, and employs leverage; the fund describes these combined exposures as involving substantial risks and characterizes an investment as speculative.